Federal Budget 2011 Preview

The Federal Member for Page prepares the ground for tonight’s Australian Federal Government Budget Speech on ABC TV at 7.30pm

MEDIA RELEASE

Budget Preview

The Federal Budget will be brought down in Canberra tonight, and there is much speculation in the media about what might or might not be in it.

Page MP Janelle Saffin said the Budget will be well targeted to support those who need it most.

“This Budget has to address the dual challenges of lower revenues due to natural disasters and a patchwork economy where some sectors are still weak, and the price pressures caused by the massive mining boom which is gearing up again.

“The Budget will get us back in the black, get more Australians in jobs and spread the opportunities of the mining boom.

“Already we have had a number of pre-budget announcements of benefit to our region including almost $1 million extra for the Our House patient accommodation near Lismore Base Hospital. Health is always my top priority and I have been lobbying the Health Minister Nicola Roxon for health funding for our region and will be keen to see the health announcements in the Budget.

“In roads funding I can confirm that the Budget will include $62 million to start work on duplication a five-kilometre stretch of highway at Devils Pulpit State Forest (south of the Tabbimobile floodways) this financial year 2011-12.

“There is also $554.1 million in the Budget for duplicating 17.3 kilometres of the Pacific Highway between Tintenbar and Ewingsdale. This starts on the border of my electorate and will be of great interest to local motorists who regularly commute north on the highway,”

“The Budget will include $54.9 million to secure the Rural Financial Counselling Service over the next four years. I strongly lobbied Agriculture Minister Senator Joe Ludwig for this funding to continue, because of the invaluable service the Casino-based RFCS provides to farmers and rural communities in northern NSW.

“I am delighted to see that former Prisoners of War living in Page will receive a long-awaited special supplement of $500 a fortnight in recognition of their service and sacrifice in POW camps during the Second World War and the Korean War.”

Other Budget measures that will be of significant benefit to local people include the increase in the Family Tax Benefit Part A for families with teenagers.

“This is something I had lobbied for since I was first elected, because many local families were disadvantaged by the system where FTB payments were drastically cut when their son or daughter turned 16, while the costs of caring for their teenage child had not reduced.

“The changes in the Budget will mean an increase of up over $4000 for some families with 16 to 19 year olds attending school or vocational training. In Page there are about 5,900 families receiving FTB A who have children turning 16 in the next five years.

“There will be changes to the Low Income Tax Offset , increasing the proportion of the offset that is delivered in week to week pay packets from 50 to 70 per cent, so low income earners are taxed less during the year.

“This means a bit more money through the year to help with cost of living pressures, instead of waiting for it at end of financial year.

“And Budget measures for small business will include an instant tax write-off for the first $5000 of any motor vehicle purchased from 2012-13.

“The Government will continue to address skill shortages, with $281 million for additional tax free payments to encourage apprentices in critical trades to complete their qualifications.

“The $1700 Trades Apprentice Income Bonus is expected to support an extra 200,000 trade apprentices over four years in skills shortage occupations.

“This apprentice bonus scheme has been popular in the Page electorate and I am pleased to see this system of training bonuses continue to support our apprentices in completing their training.

Janelle Saffin MP
Member for Page
Tuesday 10 May, 2011